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Naira falls; exchanges at N782.38 to dollar

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Naira exchanges at N359.4 to dollar at parallel market

Naira depreciated against the dollar on Wednesday as it exchanged at N782.38 at the Investors and Exporters window.

It lost by 3.38 per cent when compared with N757.51 for which it exchanged for the dollar on Tuesday.

The open indicative rate closed at N778.49 to the dollar on Wednesday.

A spot exchange rate of N800 to the dollar was the highest rate recorded within the day’s trading before it settled at N782.38.

The Naira sold for as low as N730 to the dollar within the day’s trading.

A total of 60.26 million dollars was traded at the investors and exporters window on Wednesday.

Lydia Ngwakwe

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.

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